Moily slams corporates for criticising govt

SummaryHitting back at corporate honchos criticising the government over the current state of the economy, corporate affairs minister Veerappa Moily on Thursday said “perceptions cannot undo fundamentals” and Azim Premji and Narayana Murthy should speak with optimism.

Hitting back at corporate honchos criticising the government over the current state of the economy, corporate affairs minister Veerappa Moily on Thursday said “perceptions cannot undo fundamentals” and Azim Premji and Narayana Murthy should speak with optimism.

“We have come out from 2008 depression...of 2010 depression. In 2011-12, our FDI position is very good, you cannot say it is not good. Perception cannot undo fundamentals,” Moily told PTI in an interview.

He was reacting to IT major Wipro chairman Azim Premji’s statement that a “leaderless” India’s image has suffered internationally. Also, Infosys co-founder N R Narayana Murthy has lamented over the current state of affairs of the economy.

“We could face two world economic Tsunamis...this can be managed if positive perceptions come. Like Premji and Narayana Murthy should become the champions of the country. I require them to speak with that kind of a patriotism, which is necessary,” he said, adding, “If what Premji and Narayan Murthy are saying is correct, how can Mukesh Ambani say that they are confident to have a market cap of R1trillion crore?”